The currency pair US Dollar to Canadian Dollar USD/CAD is trading at the level of 1.3703. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Canadian dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.3680, from which one should expect an attempt of growth and development of the bullish trend for the pair US Dollar Canadian dollar near the level of 1.3850.
Ichimoku Kinko Hyo USD/CAD Forecast on May 9, 2017
Earlier, a strong signal was generated for purchases of the pair US Dollar to Canadian Dollar, due to intersection of signal lines at the level of 1.3518. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3610, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3790.
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